Personal Insurance Umbrella Policies

dallas umbrella insurance Question:

What are personal insurance umbrella policies and why do I need one?

Answer:

That’s an excellent question and one that our customers frequently ask.

A personal umbrella insurance liability policy is a relatively inexpensive way to purchase higher liability limits for you and your family, above and beyond the limits provided in homeowners and auto liability policies. In addition, most umbrella policies provide coverage for liability claims not covered by other policies, subject to a small self-insured retention. Umbrella policies got their name because they provide excess limits in increments of $1 million above more than one underlying policy. Any individual or couple seriously concerned about protecting family assets and earning power should consider a personal umbrella insurance policy. Accidental tragedies resulting in multi-million dollar lawsuits are far too common to rely solely on basic policies.

Swingle, Collins & Associates specializes in individual personal insurance umbrella policies. The descriptions of coverages listed on this website are brief and subject to the provisions, limitations, and exclusions that can only be expressed in your policy and related endorsements. For additional information of how Swingle, Collins & Associates can assist in meeting your coverage needs for personal insurance umbrella policies, please contact your dedicated risk manager to discuss the benefits and services of insurance coverage.

The information contained on this page is provided for informational and educational purposes only. It contains general information on insurance issues and may not reflect the most current developments in insurance coverage and is unlikely to apply in all factual scenarios. The information does not include all the terms, coverages, exclusions, limitations or conditions that may be contained in the actual insurance contract language. The policies themselves must be read for those details. Sample policy forms will be made available upon reasonable request.